NEW YORK, July 17, 2012 /PRNewswire/ -- BNY Mellon,
the global leader in investment management and investment services,
has been appointed as sponsored depositary bank by Toppan Printing
Co., Ltd. for the company's American depositary receipt (ADR)
program. Previously, Toppan Printing traded as an unsponsored
ADR program serviced by multiple depositaries. Each Toppan
Printing ADR represents one ordinary share and trades on the U.S.
over-the-counter market under the symbol "TOPPY." Toppan
Printing's ordinary shares trade on the Tokyo Stock Exchange under
the code "7911."
Toppan Printing Co., Ltd. was founded in 1900. Today, in
addition to its printing business, the company has diversified into
various high quality products and services in a broad range of
fields, including information and networks, living environment, and
electronics.
"With the growing U.S. investor interest in our company, we
believe the establishment of our sponsored ADR program is well
timed," said Shingo Kaneko,
president and representative director for Toppan Printing.
"We realized during the depositary selection process that BNY
Mellon's expertise will serve us well in diversifying our U.S.
shareholder base and increasing the visibility of our DR
program."
"Toppan Printing is the fifth Japanese company to convert from
an unsponsored to sponsored DR program in less than three years, a
move which can help raise visibility," said Michael Cole-Fontayn,
CEO of BNY Mellon's Depositary Receipts business. "Our
experts look forward to delivering a comprehensive suite of
services to Toppan Printing to help the firm maximize the benefits
of its sponsored DR program."
BNY Mellon acts as depositary for more than 2,500 American and
global depositary receipt programs, acting in partnership with
leading companies from 65 countries. BNY Mellon is committed
to helping securities issuers access the world's rapidly evolving
financial markets and delivers a comprehensive suite of depositary
receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global financial services company focused on
helping clients manage and service their financial assets,
operating in 36 countries and serving more than 100 markets.
BNY Mellon is a leading provider of financial services for
institutions, corporations and high-net-worth individuals, offering
superior investment management and investment services through a
worldwide client-focused team. It has $26.6 trillion in assets under custody and
administration and $1.3 trillion in
assets under management, services $11.9
trillion in outstanding debt and processes global payments
averaging $1.4 trillion per
day. BNY Mellon is the corporate brand of The Bank of New
York Mellon Corporation (NYSE: BK). Learn more at
www.bnymellon.com or follow us on Twitter@BNYMellon.
This release is for informational purposes only. BNY Mellon
provides no advice nor recommendation or endorsement with respect
to any company or securities. Nothing herein shall be deemed to
constitute an offer to sell or a solicitation of an offer to buy
securities. Depositary Receipts: Not FDIC, State or Federal Agency
Insured; May Lose Value; No Bank, State or Federal Agency
Guarantee.
SOURCE BNY Mellon